TGOD - Going Bullish Soon ?Dear Traders,
For those who entered TGOD at 3-5 C$ I hope you could enjoy some great profits from this stock. I was so thrilled to see it go down as it did. Finally, we reached the Buy Zone! Traders are jumping in creating more Volume compared to previous days, and TGOD is now attacking the 100 ema, and after that the 200 ema ! Those lines are the resistance points we need to keep an eye on if we enter a trade here. Right now TGOD's bulls are trying to breach the 55 ema, which could happen soon.
So, what are you thoughts ? Time to buy ? Wait for lower price ?
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Thanks !
ACB
Aurora Cannabis - What Now ?Dear Traders,
Yesterday was a pretty weird day for ACB, we expected a run, we got one, but it wasn't as powerful as we hopped. I new All Time High (ATH) got created tho, but the question is, is there more to come
Reviewing the Chart I decided to trace some lines to see where wee are at. As we all can see Our RSI is still above 50 but for how long ? Our MACD isn't ready to cross upwards yet so this makes me feel like this price is going down more. Towards the 55 ema (blue line).
If the bulls manage to open with a nice bump it would do some good to this chart, but if we open with a downtrend, that 55 ema is imminent. I personally enterred a position yesterday hoping the bulls would create a run-up last minute but that didn't happen and my stoploss is set but not hit yet. Let's see how this plays-off today!
If the 55 ema get's hit, do make sure to look at what the MACD is doing and where the RSI is at before making an entry.
We are now inside a bearish channel and the only way the price will go up is if the bulls manage to breakout of it.
For now i'm Neutral regarding Aurora but with some luck and some good volume, we could see something good coming out of this, but that ain't certain at all.
My opinion? stay out until further notice.
WEED - Technical AnalysisDear Traders,
Let's have a look at WEED (Canopy), since it reached it's new ATH, WEED has been retracing back to the 55 ema (Which is a common thing). But the question was, will that 55 ema hold, well for now it does, but this week has been very volatile.
As long as we stay above that 55 ema, we are in a bullish mood/trend.
If we succeed in staying above the 55 ema, our next target will be the 0.5 fib level that serves as a huge resistance for WEED. Bulls have tried multiple times to breach it but without success. And until that 0.5 fib level hasn't fallen, we won't see any run soon.
Any thoughts ?
AUXLY - Techincal AnalysisDear Traders,
After a 116% run, AUXLY is arming it self for a new breakout. Price action is above the 55,100 and 200 ema on the hourly Chart, which is bullish. The MACD just crossed downwards, which should be bearish, we will know soon. If AUXLY's price manages to stay above those EMA's, I would enter a trade. That 200 ema looks like a perfect entry point.
A breakout above 1.25 would confirm that this is a bullish trend. BUT that 200 ema must hold.
About Auxly Cannabis Group Inc.
Cannabis Wheaton Income Corp is an investment and merchant company. It seeks to provide investor returns through streams and capital appreciation in the cannabis industry of Canada.
ACB must change the hourly trendACB looked to be trying to print a daily bull flag but the pullback today and close near the low is more than enough to negate that in my mind. I find the clearest picture on the 1h4 chart where we have a clear downtrend of lower highs and lower lows.
Our lower high of resistance is the high of the afternoon bounce 12.90 and high of the day 12.94 but really I'm not interested until the price can break above $13.00 psychological reisistance. Key level on the hourly chart for the bulls to hold as step one in taking back control is 12.50. If we lose that level, I'll remain patient waiting for a new support to be found and watch the top of the subsequent move to see our new resistance level.
For the record, ACB has now given back 2/3 of the move subsequent to them filing their uplisting documents with the SEC.
For anybody looking at any stock keep an eye on the market. The correlation of every individual name and sector to the overrall market is real and the market saw an all-out dump today, having now given back over 3 months of gains in the past week.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
ACB moves on APH rumoursACB may have found it's new base of support at 12.75 when it broke the lower high pattern on a move that topped out at 13.45. We're looking at the hourly chart here as it offers the most clarity for me. I'm anticipating the bulls to form a higher low above 12.75 and will be watching the pullback for size and volume to consider the liklihood of forming an hourly equilibrium or seeing continuation.
Key range: 12.75 - 13.45
Note that today's move seems entirely related to APH run on news today, news that of course does not affect Aurora in the slightest. I'm not sure how that weighs into what happens next so we will just patiently said for our next long or short signal.
For anybody looking at any stock keep an eye on the market. The correlation of every individual name and sector to the overrall market is real and the market saw an all-out dump today, having now given back over 3 months of gains in the past week.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
LHS - Technical AnalysisDear Traders,
After a whopping 170% run, Liberty Health Sciences (LHSIF), Has started it's retracement, and in my opinion, it's not done retracing just yet.
If you look at the green circle you'll find a perfect entry. a bounce off of the 0.50fib level where the 55 ema and the 200 ema is located. If a bounce off takes place, there is also a chance that the 55 ema crosses the 200 ema which would be very bullish in our case.
What are your thoughts?
NEWS: technical420.com
About Liberty Health Sciences Inc:
Liberty Health Sciences Inc. manufactures and distributes medical cannabis. The Company cultivates and markets pharmaceutical grade marijuana. Liberty Health Sciences markets its products in the United States and Canada.
TILRAY - Tecnical AnalysisDear Traders,
After TILRAY's crazy 92% run, it was time for it to retrace, and it did. Now that TILRAY has found support at the 0.382 fib level, we need to think. There are 2 possibilities here, or we retrace down to the 200 ema (which would be logic), or we have found enough support at this fib level to start building up again.
I drew a green line marking a resistance line, and TLRY needs to breakout of it before turning bullish again.
A good entry would be the 200 ema on the 1hr chart.
What are your thoughts ?
ICNA - 55 EMA BattleDear Traders,
ICNA is in a battle right now, the 55 ema is the battlefront. If the bulls achieve in breaking above it with Momentum and volume, we might see another run towards the 0.5 fib level, that is a key resistance.
GTEC - 200 ema entry point?Dear Traders,
A little update on the GTEC stock.
Our MACD shows us a Bullish Continuing Divergence, which is a bullish sign. This combined with the 200 ema being close, I'm expecting a bounce off from that 200 ema located at 1.08$. This might be a very good entry point in my opinion, but, if you are entering I would choose your stoploss carefully.
I'm saying this because on a GTEC Bullboard, i saw some negative messages coming by such as : ''recent press release said they lost an expansion because the city voted no. also they just applied for an alberta sales license, I work for the AGLC, this process takes 4 months.''
People are saying it's price will drop under 1$ blablabla... This could be to create FUD, so that they can buy cheaper. I'm only relying on TA.
Fud is something you come across on each forum about a stock unfortunately.. I didnt find any official press release backing up the negativity this person said on the bullboard so let's see how this plays off.
ACB daily doubletop on watchACB had a big gap up on the release of their impending NYSE uplisting, however the bulls we're able to get much followthrough and spent most of the day consolidating sideways with choppy action, setting a new high of day only to break the low of day a couple hours later. The daily chart shows RSI breaking out bast its resistance trendline but the doubletop at 13.60 and 13.48 shows a significant band of resistance in this area. We also have historical resistance at 13.75 from back in January.
We have a lack of support on the hourly chart because of the gap up open, so when we lose the low of the day we lost the hourly higher low pattern in my opinion. I am looking for some further consolidation before the bulls will be able to continue on the march upwards. I'm personally looking towards 12.86 to fill the gap, and subsequent price action will help me determine if that's a position I'll hold or quickly take profit on.
Key range: 11.95 - 13.60
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
TRULIEVE - Bullish or Bearish ?Dear Traders,
A little update on TRULIEVE.
Price retraced towards the 0.5 fib level and touched it many times, but the bulls managed to close with the price above the fib level, and above the 55 ema, which is a bullish sign, but on the other hand I see a MACD that isn't crossing upwards yet, and a RSI that's under 50. These indicators show many a lot of possibilities so I prefer to stay Neutral until further notice.
What are your thoughts ?
Aurora Cannabis Inc - New All Times High Incoming !Dear Traders,
Aurora Cannabis Appears Headed to the New York Stock Exchange! This news came out yesterday just before the closing of the market. And as we can see ACB's price broke out like we hoped it would, this is the kind of news we needed to get to a new ATH.
Read more about the news here: www.newcannabisventures.com
Another thing to keep in mind is that Aurora Cannabis Inc. owns 21% of TGOD, so I'm pretty sure TGOD will get benefits from this news. Aurora can still buy up to 51% of TGOD, and this will eventually happen.
Let's see how far Aurora will go on Monday! I'll keep you up to date.
APHRIA - Technical AnalysisDear Traders,
Today I'm having a look at APH, As we can see we had a retracement going on for a week, and it's price now hit the 200 EMA on the 4H chart. this happened before and it created a nice bounce. The question is, will this support level hold again? My guess? Yes. Look at that continuing BUllish divergence in the MACD, this shows us something will happen soon, and it's bullish. Perfect entry point would be the 200 ema.
APHRIA NEWS: Aphria To Announce First Quarter Results On October 12, 2018 => Keep on eye on the charts that day, good news could bring more vol. - Source: web.tmxmoney.com
ABOUT APH:
Aphria Inc is licensed to produce and sell medical marijuana, including dried cannabis and cannabis oil, as a Licensed Producer under the provisions of the ACMPR.
ICNAF - Growing Vol ? New breakout ?Dear Traders,
ICNA had a new run and retraced a little bit before finding support at the 55 ema (which was expected).
I traced a red support line and a green resistance line which will help us figure out when a breakout upwards or downwards will occur.
Right now our price as bounced off the 55 ema, with a volume that is building up, this could mean we will see a rise in the price this Monday.
If the bulls buy the resistance at the 0.386 fib level we might get another run which will, in my opinion, create a lower high. The 0.5 fib level might stop our run, but with enough momentum and vol we could break through it. Let's see what happens on Monday.
Latest news: globenewswire.com
''Integrated Cannabis is pleased to announce the successful completion and positive results of a controlled trial of its proprietary Sleep product.''
Significant bullbreak puts focus on potential ACB daily breakoutACB broke the 4hr equilibrium bullish today right before market close then the uplisting NYSE application they filed with the SEC surfaced online. The daily volume is only moderately larger, but the amount of volume coming in the last hour of trading was incredible
The key resistance now for the daily breakout is 12.95, really 13.00 psychological. Key support to hold is 11.69 on the daily. Daily RSI is also piercing through the resistance line and the bulls want to see continuation early next week to accompany this 4hr breakout.
Looking at the 4hr, you can see the clear bullbreak of 12.65 resistance on the 4hr chart. There's a lack of support down to 11.95 and the chart is over-extended.
Looking at the 5min chart you can see there hasn't been any short term supports set since 12.05. We are very over extended here and there are no good entries without some healthy consolidation to cool off the charts and give the bulls a rest. You can see the incredible amount of volume pouring in when the SEC uplisting documents surfaced online - so even though the daily chart didn't have impressive volume, you can see how much bullish momentum came in at the end of the day. There were definitely shorts being squeezed on this move, and the next level we will see shorts cover is on the break of $13.00 in my opinion. The Canadian exchanged is closed Monday for Thanksgiving so it will be up to the American ticker ACBFF bulls to determine the fate on Monday.
Be aware there is market correlation between the mj sector with the S&P500, and keep in mind that it lost the weekly uptrend today. It's often said that high tides raise all boats; likewise, low tides can beach all ships.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
ACB equilibrium break on watch tomorrowACB saw a gap up and profit taking, forming a daily lower high right within the range I was anticipating. The daily chart is going to break Friday, and if not Friday, then Monday by way of the American ticker ACBFF, making the break Tuesday when the Canadian market reopens after Thanksgiving. The daily printed a bearish dark cloud cover candle.
The key daily range is 12.65 - 11.69. Beak bull, and bulls continue to test $13 and $13.50 resistances. Break bear, and we look down to test supports at 11.21 and 10.87
Zooming into the 4hr shows us that our daily equilibrium is now so tight, it's playing out on the 4hr chart. I find this gives the best clarity on what's going on. Bulls are trying to hold 11.98 as the new support but have not yet bounced enough to give us confidence that higher low is in.
Be aware there is market correlation between the mj sector with the S&P500, and keep in mind that SPY lost the daily uptrend today. It's often said that high tides raise all boats; likewise, low tides can beach all ships.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
ACB daily equilibrium break on watchI just typed up a big analysis and deleted it, so here we go, round two!
Bulls today were in full control printing a bullish engulfing candle on the daily. Anything under 12.95 is a lower high on the daily, and I anticipate that to be set around $12.75. I would be very impressed if the bulls were able to break $13.00 psychological first thing tomorrow.
The setup here is different than it is on Canopy; Canopy didn't set any hourly support today, but Aurora has a new hourly support to watch at 12.26. The most bullish scenario would be to hold that level then go for a bull-break of 12.95. Losing that support will have us looking down at 12, and 11.69.
If we do lose 12.26 that level I'll be watching the bear volume on the pullback to anticipate the extent of the pullback we will see. If we do ultimately break 11.69 in the coming days, that would put Aurora into a daily downtrend, but I see no warning signs of this happening at this time.
The range to watch is is 11.69 - 12.95.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
Kalytera - Technical AnalysisDear Traders,
As we can see KALY is retracing, the idea is to find our next entry point.
Have a look at the green circle, that 50 fib level might be our point of interest.
About Kalytera Therapeutics
Kalytera Therapeutics, Inc. ("Kalytera") is pioneering the development of a next generation of cannabinoid therapeutics. Through its proven leadership, drug development expertise, and intellectual property portfolio, Kalytera seeks to establish a leading position in the development of novel cannabinoid medicines for a range of important unmet medical needs, with an initial focus on graft versus host disease (“GVHD”) .
Kalytera also intends to develop a new class of proprietary cannabidiol ("CBD") therapeutics. CBD is a versatile compound that has shown activity against a number of pharmacological targets. However, there are limitations associated with natural CBD, including its poor oral bioavailability. Kalytera will seek to develop innovative CBD formulations and prodrugs in an effort to overcome these limitations, and to target specific disease sites within the body. Kalytera intends to file composition of matter and method of use patents covering its novel inventions, with the goal of limiting future competition.
Website Home: kalytera.co
News and Insights: kalytera.co
Investors: kalytera.co
ABBVIE - Technical AnalysisDear Traders,
ABBVIE looks to be on the edge for a breakout, the MACD shows a Bullish Hidden Divergence which backs-up my LONG position.
Any thoughts ?
About Abbvie:
AbbVie, Inc. is a research-based biopharmaceutical company, which engages in the discovery, development, manufacture and sale of a line of proprietary pharmaceutical products. It is focused on treating conditions such as chronic autoimmune diseases in rheumatology, gastroenterology and dermatology; oncology, including blood cancers; virology, including hepatitis C and human immunodeficiency virus; neurological disorders, such as Parkinson's disease; metabolic diseases, including thyroid disease and complications associated with cystic fibrosis; as well as other serious health conditions. The company was founded on January 1, 2013 and is headquartered in North Chicago, IL.
GTEC - Technical AnalysisDear Traders,
As we can clearly see, GTEC's price is in a bullish channel. With a Hidden DIvergence in the MACD, it could be possible we will soon see a run-up.
This Hypothosys would be cancelled if we break downwards from the channel.
Last News:
Update on Status of Sales License and Other Operational Updates:
GTEC Provides Update on Status of Sales License and Other Operational Updates
GTEC Holdings Ltd. (GTEC.V) (GGTTF) (“GTEC” or the “Company“) is pleased to provide an update on the operations of its wholly owned subsidiaries.
Alberta Craft Cannabis Inc. (“ACC”) is a Licensed Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations located in Edmonton , Alberta. ACC operates a 14,000 sq. ft. craft cannabis cultivation facility. ACC has currently completed its initial harvests and has notified Health Canada. The Company is now awaiting Sales License inspection to be completed within the expected timeline.
F-20 Joint Venture (“F-20”) is a GTEC agreement with F-20 Developments Corp. to develop a premium indoor cultivation facility in Vernon, British Columbia . GTEC’s operations team has completed the final design of Phase 1 construction plans. The building will be retrofitted to facilitate the cultivation of premium cannabis. Phase 1 of this partnership is currently underway, with completion anticipated for Q2 2019. GTEC expects to complete Phase 2 designs by Q1 of 2019.
Tumbleweed Farms Corp. (“Tumbleweed”) is a late stage ACMPR applicant based in Chase, British Columbia . Tumbleweed has completed its purpose-built exterior and is near completion of the interior construction. The Company anticipates that it will commence cultivation over the duration of the fall season. Tumbleweed has also signed a contract with the Pacific Agricultural Certification Society (“PACS”) with an objective to be one of the first certified organic cannabis companies in Canada .
GreenTec Bio-Pharmaceuticals Inc. (“GreenTec”) is a late stage ACMPR applicant based in Kelowna, British Columbia . GreenTec is currently in Phase 1 of development, building 20,000 sq. ft. of its planned 80,000 sq. ft. craft cannabis cultivation facility. GreenTec has recently completed the exterior of this building and anticipates completing the interior construction and commencing cultivation in Q1 2019.
Grey Bruce Farms Inc. (“Grey Bruce”) is a late stage ACMPR applicant based in Kincardine, Ontario . Grey Bruce is currently building a 15,000 sq. ft. craft cannabis cultivation facility. The Company has made substantial progress in completing a major retrofit of its existing industrial building and anticipates that it will commence cultivation in Q4 2018.
Falcon Ridge Naturals (“Falcon Ridge”) is a late stage ACMPR applicant located on a certified organic farm in Kelowna, British Columbia . Falcon Ridge was seeking to construct a 10,000 sq. ft. facility. On October 1st , Kelowna City Council voted against the Falcon Ridge project application, due to recently adopted land zoning issues related to the proposed facility being within the B.C. Agricultural Land Reserve. Accordingly, GTEC does not anticipate moving forward with this project, and plans to re-allocate Falcon Ridge capital funds to its larger facilities and/or for existing expansion opportunities.
Spectre Labs Inc. (“Spectre”) is a cannabis oil extraction facility based in Kelowna , British Columbia. Spectre has acquired land and building to develop a state-of-the-art facility. The Company has completed initial design work and submitted an application to the Office of Controlled Substances for a Dealer’s License. The site will be developed in a phased approach and will serve as a Good Manufacturing Practices (“GMP”) grade facility with extraction, formulation, compounding and export capabilities to support GTEC’s Licensed Producers and the global medical market. GTEC also intends to utilize Spectre to manufacture edible products that are expected to be incorporated into Health Canada’s regulatory framework in 2019. GTEC was notified on July 17 th by the Office of Controlled Substances, that Spectre has been assigned an application number. From the time of receipt of a complete application, the Controlled Drugs Section commits to a service delivery standard of 180 business days for the issuance of a decision on an application for a new Dealer’s Licence for controlled substances.